JOINT STATEMENT AGREED TO BY PRESIDENT BUSH, PRESIDENT CHIRAC, AND CHANCELLOR SCHROEDER

Debt reduction is critical if the Iraqi people are to have any
chance to build a free and prosperous Iraq. Therefore, France,
Germany, and the United States agree that there should be substantial
debt reduction for Iraq in the Paris Club in 2004, and will work
closely with each other and with other countries to achieve this
objective. The exact percentage of debt reduction that would
constitute "substantial" debt reduction is subject to future agreement
between the parties.